The US Dollar has been particularly strong the past two weeks, necessitating a pullback to relieve extreme technical conditions. As two of the hardest hit majors, the Australian Dollar and the Euro, consolidate against the US Dollar, the Japanese Yen has rallied on the back of strong first quarter growth data.
The results of the Philadelphia Federal Reserve’s manufacturing survey and the U.S. Leading economic indicators index for April released at 10:00 EST today both missed consensus forecast, pointing to slow growth in the world’s largest economy towards the middle of the year
FXstreet.com (Barcelona) – The greenback, measured by the US Dollar Index, is retracing early gains after hitting a 4-month high at 81.83 in the European morning. Risk aversion has been
Market sentiment weakened further on Thursday amid the ongoing turmoil in the euro-area, and the flight to safety may gather pace going into the end of the week as European policy makers fail to stem the risk for contagion.
Gold and silver tumbled down again during yesterday along with other commodities prices. On today’s agenda: U.S. Jobless Claims Update, Philly and Fed Manufacturing Survey.
While a Greek exit alone from the Euro would be a manageable setback, the impact from such an exit would be catastrophic….
Commodity prices have scope to recover amid profit-taking as markets digest the latest batch of negative Greece-linked news flow.
Euro daily studies are now highly oversold, but unless the market can break and close back above 1.2780, the risks remain for additional declines to the 2012 lows by 1.2625.
LONDON, May 17, 2012 /PRNewswire/ –The euro has suffered a serious battering this week, tumbling to a four-month low of $1.2747 against the US dollar on Wednesday, May 16, as investors study the Greek …
The safe-haven US Dollar and Japanese declined overnight and may have scope for a deeper pullback as markets digest negative Greece-linked news flow.
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